Key Highlights
- Deep Industries received a Letter of Award from ONGC.
- Contract value is approximately ₹49.10 crore.
- Order is for charter hiring services for natural gas compression.
- Project is located at ONGC’s GGS Palaiyad asset in Ahmedabad.
- Contract execution period is five years.
Deep Industries Limited has received a Letter of Award from Oil and Natural Gas Corporation (ONGC) for charter hiring services related to natural gas compression at the GGS Palaiyad asset in Ahmedabad. The contract, valued at approximately ₹49.10 crore, will be executed over a period of five years.
According to the company’s stock exchange filing dated July 7, 2026, the order has been awarded by ONGC in the ordinary course of business. The project involves providing charter hiring services for natural gas compression at ONGC’s GGS Palaiyad asset located in Ahmedabad.
The total estimated value of the contract is around ₹49.10 crore. The agreement is scheduled to be executed over a five-year period.
Deep Industries stated that the award has been received from a domestic entity. The company also clarified that neither its promoters nor promoter group have any interest in the entity awarding the contract. Additionally, the transaction does not fall under related party transactions.
The order adds to Deep Industries’ order book in the oil and gas services segment and strengthens its presence in providing compression and related field services to ONGC.
